Countries and corporates’ carbon reduction plans are still falling short of the 1.5°C target in order to align with the Paris Agreement. According to the Climate Policy Initiative, an additional $1.6 to $3.8 trillion per year is required to finance the energy transition.
The Covid-19 pandemic has exacerbated socioeconomic inequalities, particularly in emerging markets, dampening the development of a just transition. The war in Ukraine has generated a series of crises, the full scope of which cannot be fully apprehended as the conflict is still unravelling. It will continue to have a negative impact on the populations of Europe and the rest of the world, not only in terms of energy use but also in terms of the socioeconomic standards of households.
You can now read the full whitepaper at the link below